Tracking real-time hot topics in the crypto world and seizing the best trading opportunities. Today is Tuesday, June 2, 2026. I am Wang Yibo! Good morning, crypto friends☀ Iron fans check-in👍 Like and get rich🍗🍗🌹🌹

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Yesterday, macro fundamentals showed intense divergence: Iran halted negotiations with the U.S. and threatened to block the Strait of Hormuz, causing WTI crude oil to surge over 4% in a single day; Trump simultaneously announced an immediate ceasefire between Israel and Hezbollah, leading to a complex game of “partial cooling, overall heating” in the Middle East. The dollar and U.S. Treasury yields remained high, gold fell below $4,500, but the three major U.S. stock indices hit new closing highs—risk appetite was extremely polarized. The crypto market was the weakest link yesterday. Bitcoin was suppressed by MicroStrategy’s sell-off and macro sentiment, trending downward throughout the day, with a low near 70,600, approaching the 70,000 level; Ethereum also broke below its previous low of 1,960, dropping to 1,955, and is now repeatedly battling around the 2,000 mark. The current independent weakness in crypto stems from continued ETF fund outflows (MicroStrategy’s reduced holdings intensify panic) and the capital flow prioritizing safe-haven assets like the dollar and crude oil amid the U.S.-Iran deadlock. No clear signs of a bottom have appeared in the short term. Yibo will continue to monitor macro data, institutional fund flows, and on-chain changes, providing real-time strategy updates.

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Bitcoin tested around 74,000 briefly in the early session yesterday but failed to break through effectively. After midday, it shifted to a small-step downward trend, with a low near 70,600. The rebound only reached 71,800 before facing resistance again, currently consolidating weakly around 71,000. Technically, the 4-hour Bollinger Bands are opening downward, MACD shows a death cross and divergence, with rebound strength much weaker than the downward momentum, indicating a typical bearish-dominated weak correction structure. Support is at the 70,000 level; if broken, targets are 69,000–68,000. Short-term resistance is at 71,500–71,800, with strong resistance at 72,500–73,000. Until volume confirms a recovery above 71,800, maintain a high-rejection rebound strategy, avoid guessing bottoms or chasing rallies, and wait for clear signs of a bottom.

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Ethereum tested around 2,020 multiple times yesterday in the early session but failed to break through. In the afternoon, it rebounded slightly after touching 1,970, but was dragged down to 1,955 by Bitcoin’s linkage. It then quickly rebounded to 2,008, currently oscillating around the 2,000 level. Technically, on the 4-hour chart, a double-bottom structure formed between 1,955 and 1,970, with the lows gradually rising. The rebound strength is clearly stronger than Bitcoin’s, but it remains constrained by the previous high of 2,020–2,030. Although MACD shows a bullish crossover, it has not yet broken above zero, indicating a “weak correction, tug-of-war between bulls and bears” phase. Support is at 1,970–1,955; resistance is at 2,020–2,030. In trading, consider light long positions at support, with stops below 1,950. If the rebound reaches resistance and faces pressure, consider shorting; a breakout above resistance could be followed with further momentum.